BPM Forum and Aztec Software Establish Software Economics Council (SECO)

Even as the most recent survey from the Business Performance Management (BPM) Forum, “Software Drain or Business Gain,” reveals that more than three-quarters of all companies are heavily dependent on the performance of their software, it’s reported that software errors cost the American economy nearly $60 billion annually.

To address this and similar critical issues, the BPM Forum, with strategic sponsorship from Aztec Software and other potential partners, is establishing the Software Economics Council (SECO). The goal of SECO is to examine the risks, liabilities, costs, complexities and IT operational inefficiencies inherent in creating business software solutions, and develop a strategic analysis of best practices, processes and systems for optimizing the value, availability and integrity of software applications as a critical component of business performance. SECO will serve as a thought leadership knowledge center to drill into organizational, cost and business performance issues around agile programming, best practices, insecure software, open sourcing and on-demand methodologies.

SECO invites leading software developers, analysts, academics and media representatives to join the SECO Leadership Committee.

Guided by the Leadership Committee, SECO will:

  • Identify and categorize challenges, concerns, characteristics, consistencies and commonalities in the software development lifecycle
  • Develop and articulate views, opinions, implications, awareness, costs, prevalence and concerns around the availability, quality, and criticality of using, managing, maintaining and supporting software across the organization
  • Develop and disseminate White Papers, op-ed opinion pieces, media alerts, etc. based on outcomes of these studies and provide commentary as circumstances and events warrant
  • Host twice-yearly web conference to present findings
  • Host three media and developer roundtables-in Boston, New York and Silicon Valley-to enable direct discussions on local and current trends, topics, developments, threats, etc., with appropriate media exposure
  • Produce two on-demand webcasts to explore emerging issues